A recent report published by Infinium Global Research on
HVAC systems market provides in-depth analysis of segments and sub-segments in
the global as well as regional HVAC systems market. The study also highlights
the impact of drivers, restraints, and macro indicators on the global and
regional HVAC systems market over the short term as well as long term. The
report is a comprehensive presentation of trends, forecast and dollar values of
global HVAC systems market. According to the report, the global HVAC systems
market is projected to grow at a CAGR of 6.25% over the forecast period of
2019-2025.

Market Insight

Heating, Ventilation and Air Conditioning systems are
mechanical systems that impart thermal comfort as well as quality air in a
particular indoor space. HVAC systems filter air controls moisture and
temperature as per predetermined requirements. HVAC systems improve the odor
and infuse fresh air into space. Boilers, centralized air conditioners,
chillers, coolers, cooling towers, furnaces, heat pumps, packaged systems,
rooftop units, unitary air-conditioners, and unitary heaters are some of the
major HVAC systems used for commercial, residential, and industrial purposes.
Heat exchangers are now widely used as part of HVAC systems for heat recovery.

Global warming encourages change in climate in various
regions to drive the demand for HVAC systems, as extreme weather conditions
affect human comfort and productivity. Technological advancements are
anticipated to drive the growth of the HVAC systems market, as new applications
emerge in commercial, industrial and residential sectors. Tax credit programs
and regulations aimed at promoting energy efficient systems are expected to
enhance the demand for HVAC systems. The stability in the automobile industry
is expected to drive the demand for HVAC systems, as customers prefer to have
air-conditioning or heating systems in their vehicles, depending upon the local
weather conditions. Besides, higher energy consumption by HVAC systems is a
major restraint for the HVAC systems market, as it makes unaffordable to many
consumers. Moreover, the countries with extreme weather conditions are expected
to provide growth opportunities for the HVAC system in the upcoming years.

As per the geographies, North America dominated the growth
for the HVAC systems market, followed by Europe. Asia-Pacific is anticipated to
become the fastest growing and largest HVAC systems market during the forecast
period. The adoption of new technologies, new regulations that demand the
adoption of energy efficient HVAC systems and the need for renewing or
upgrading the existing HVAC systems are the major factors that drive the growth
of the North American HVAC systems market. The incentive programs for replacing
old HVAC systems in countries such as France, Germany, and the UK are driving
the growth of the European HVAC systems market. Presence of huge population,
changing lifestyles, favorable government regulations and programs that promote
adoption of HVAC systems boost the demand for HVAC system in Asia Pacific
region.

Segment Covered

The report on global HVAC systems market covers segments
such as implementation type, equipment type, components, and application. On
the basis of implementation type, the sub-markets include new construction, and
retrofit building. On the basis of equipment type, the sub-markets include
heating, ventilation, and cooling. On the basis of components, the sub-markets
include services, and software. On the basis of application, the sub-markets
include commercial, automotive, residential, and industrial.

Report Highlights:

The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of HVAC systems
market. Moreover, the study highlights current market trends and provides
forecast from 2019-2025. We also have highlighted future trends in the market
that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.

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